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Initial jobless claims rose 3,000 to 229,000 in the week ended March 17, the Labor Department said Thursday.

Bill Gross, the billionaire bond manager with Janus Henderson Group Plc, doesn't expect three or four hikes this year.

The project would get money from Amtrak, capital investment and other accounts under the omnibus spending bill, the details of which are expected to be released later today .

A city council committee approved construction plans for the Providence Tarzana hospital.

Some of the legal precedents potentially being set in Puerto Rico erode the expectations and good order of the municipal bond marketplace that finances the activities of states and municipal instrumentalities nationwide.

Puerto Rico's default is generating concern over mainland special revenue bonds and distressed issuers, and undercutting confidence in municipal credit nationwide.

The loan would provide funds for capital improvements which were supposed to be funded by $10 million in bond proceeds the school district misused.

Democratic challenger J.B. Pritzker will take on Republican incumbent Bruce Rauner.

Primary and secondary activities were an afterthought Wednesday as the municipal market focused on the interest rate announcement from the Federal Reserve Board.

In his first press conference as chair following a Federal Open Market Committee Jerome Powell stressed that “one decision” was made at the meeting: raising rates 25 basis points to a 1.5% to 1.75% target range.